NAHB CEO to Speak at Housing Finance Seminar on Feb. 11
NAHB CEO Jim Tobin will be a featured panelist at a one-day event hosted by the National Housing Conference (NHC) on Feb. 11 titled “Federal Home Loan Banks: Shaping the Future of Affordable Housing and Community Investment.”
The cooperatively owned Federal Home Loan Banks (FHLBanks) lend money to banks, credit unions and other member institutions in their regions that finance home construction, homeownership and community development. They are behind-the-scenes players in the critical process of keeping liquidity flowing to communities in urban, suburban and rural areas throughout the United States.
As the FHLBank System approaches its 100th anniversary, this event will offer a comprehensive look at the FHLBanks and their mission with the opportunity to discuss how the FHLBanks can meet evolving housing and housing finance needs to address the national housing crisis.
Tobin will participate on the panel “A Century of Impact: Examining the FHLBank System’s Legacy and Future” from 2:30-3:30 p.m. ET.
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The number of open positions in the construction sector increased in September per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down from three years ago due to declines in construction activity, particularly in housing.
Private residential construction spending decreased in September 2026 driven by a steep decline in improvement (remodeling) spending. According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending came in at a seasonally adjusted annual rate (SAAR) of $848.8 billion in September, down 5.5% from the revised August estimates and lower by 8.9% from last year.
Interior finishes (drywall, interior doors, painting, cabinets, countertops, plumbing fixtures, flooring, etc.) take more time to complete—6.4 weeks, on average—than any other major stage of single-family construction, according to results from the latest NAHB/Well Fargo Housing Market Index (HMI) survey.